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Afternoon Bitcoin and Ethereum trading recommendations and directional analysis: 10/21
Going with the flow often feels like a fish in water, achieving twice the result with half the effort. Taking advantage of the situation often means leveraging power effectively, leading to favorable outcomes. Creating momentum often involves taking an unconventional approach, staying in a dominant position, and rising with the trend, seizing opportunities for victory. In the strong bearish trend in the early morning, Bitcoin and Ethereum gained 3000 points and 110 points respectively. All of Little Horse's ideas have been publicly shared in advance, and earlier posts have clear traces to follow.
From the current market perspective, looking at the 4-hour level, the price has been continuously declining with 4 consecutive bearish candles, repeatedly breaking below support levels, and the Bollinger Bands are in an opening formation. The short-term volatility is relatively strong, and the unilateral trend is likely to continue. Looking at the 1-hour level, the bearish trend is significant, with the middle and lower bands of the Bollinger Bands moving downwards. Although there are signs of a rebound, it still cannot break the strong downward trend of this wave. Therefore, the suggestion for the afternoon is to focus on high short positions during the rebound.
Short around 108500-109000 for Bitcoin, target near 107000, if broken, look at around 106500. Short around 3900-3930 for Ethereum, target near 3800, if broken, look at around 3760. #ETH反弹在即? #巨鲸加仓2.5亿美元BTC #美联储将召开支付创新大会 .